Northern Dynasty Minerals (TSE:NDM) Trading Down 29% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) was down 29% during trading on Friday . The stock traded as low as C$1.41 and last traded at C$2.23. Approximately 8,945,346 shares were traded during trading, an increase of 744% from the average daily volume of 1,059,950 shares. The stock had previously closed at C$3.14.

Northern Dynasty Minerals Stock Performance

The stock has a market cap of C$1.21 billion, a P/E ratio of -70.68 and a beta of 0.75. The company has a fifty day moving average price of C$1.86 and a 200 day moving average price of C$1.40. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.

Insider Buying and Selling at Northern Dynasty Minerals

In other Northern Dynasty Minerals news, Director James Eduard Fueg sold 51,000 shares of the business’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$2.95, for a total value of C$150,450.00. Also, Director Michael Heatwole sold 102,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$2.94, for a total value of C$300,186.00. Insiders have sold a total of 868,914 shares of company stock valued at $2,404,970 in the last three months. Insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.